Playing it safe and taking no risks is a shortcut to poverty - Jordan Belfort
.
Jordan Belfort had it all.
The success, the money and the lifestyle.
.
He built up America’s biggest over-the-counter brokerage house, Stratton Oakmont, in the 1980s and 1990s — which employed over a thousand brokers — and made himself a fortune in the process.
.
That was the fantasy.
.
In reality, Stratton Oakmont was a boiler room operation that marketed penny stocks and defrauded investors.
After an investigation, Belfort was indicted in 1998 for securities fraud and money laundering, spending 22 months in a federal prison after cutting a deal with the FBI.
It was while Belfort was in jail that he wrote ‘The Wolf of Wall Street’.
.
But what pushed him to break the law?
.
Somewhere in late 1991, he wasn’t breaking any laws yet, but things were starting to happen.
The firm had grown and he invented the straight line system and that was the game-changer.
It allowed him to train all these young kids and turn them into sales powerhouses.
.
And that caused his firm to grow so fast that what happened was that he ran out of products to sell.
He ran out of good product and he had to start selling product that was not, like, as developed yet.
It was never about selling companies that weren’t real because you make more money on better companies. .
He just ran out of product to sell, so he sacrificed quality.
.#success#motivation#motivationalquotes#successful#successstory#inspiration#successmore#quoteoftheday#successquote#entrepreneurlifestyle#hustle#successiskey#successteam#successtips#selfconfidence#Lifequotes#positivevibes#positivemind#positivelife#lifequotes#successmindset#lifegoals

💗 BRAND NEW NECKLACE 💗
This is our heart initial necklace... But you don't just have to have a letter, you can have a date or design or even both!
Head on over to our site for a wee look, don't forgot to use the code VDAY20 to save 20% off your purchase!
www.industrialchicjewellery.co.nz